Goods for which demand rises as income rises are ___. *1 pointA. complementary goodsB. inferior goodsC. normal goodsD. substitutes
Question
Goods for which demand rises as income rises are ___. *1 pointA. complementary goodsB. inferior goodsC. normal goodsD. substitutes
Solution
To determine the type of goods for which demand rises as income rises, we need to understand the relationship between income and demand.
Step 1: Identify the goods for which demand rises as income rises.
Step 2: Determine the category of these goods.
Step 3: Choose the correct option from the given choices.
Based on the information provided, the correct answer is C. normal goods.
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